Mastering Strategic Sales and Negotiation

From the study guide

Course Outline

  1. Sales channels in B2B and B2C
  2. Contract renewals and retention
  3. Customer ecosystem and influence map
  4. Influence players and action priorities
  5. Battle cards and competitive approaches
  6. Competitive approach case study
  7. Buyer categories and purchasing psychology
  8. SPIN discovery and customer pain
  9. Proposal design and pricing tactics
  10. Presentation and communication skills
  11. Negotiation strategy and cultural styles

1. Sales channels in B2B and B2C

Key Concepts & Definitions

  • Sales channels: Sales channels are the routes a company uses to reach customers and deliver products or services.
  • Direct sales: Direct sales happen without intermediaries between the seller and the customer.
  • Indirect sales: Indirect sales use intermediaries such as supermarkets, distributors, or partners to reach end customers.

Essential Points

  • In B2C, channel choice depends on marketing positioning, price, and product complexity.
  • Low-margin, low-differentiation mass-market products fit cost-effective channels like supermarkets, mail order, Internet, or telesales.
  • High-image products with high margins are often sold via internet, directly-operated stores, or specialist outlets.
  • In B2B, channel choice depends on price level, sale complexity (advice needs), and customer type, and high competition creates price pressure.
  • B2B also uses multi-channel, including indirect channels such as partners in IT services.
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Practice quiz preview

1. In B2C, which factor most strongly guides channel choice for a low-margin, low-differentiation mass-market product?

2. What best describes indirect sales?

3. Why is it risky to wait too long before anticipating a contract renewal?

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Flashcard preview

Sales channels — B2B vs B2C?

B2C uses direct, mass-market channels; B2B depends on complexity and customer type.

Contract renewal — key?

Extension of existing contracts at term end.

Customer ecosystem — definition?

Set of actors around a customer influencing sales.

Influence map — purpose?

Visualize actors' economic weight and intimacy.

Action priority — based on?

Proximity to customer and influence potential.

Battle cards — role?

Compare competitors' strengths and weaknesses.

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Frequently asked questions

What does the Mastering Strategic Sales and Negotiation study guide cover?

It covers the core concepts of Mastering Strategic Sales and Negotiation, organized by topic with the key definitions, explanations and takeaways, so it's easier to learn and remember.

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How many questions are in the Mastering Strategic Sales and Negotiation quiz?

The practice quiz has 22 multiple-choice questions, each with an explanation. Use it to check what you know and find your gaps.

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How do I study Mastering Strategic Sales and Negotiation with flashcards?

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